PANews reported on May 14th that, according to the Wall Street Journal, British AI chip startup Fractile announced the completion of a $220 million Series B funding round, led by Factorial Funds, Accel, and Peter Thiel's Founders Fund. Founded in 2022, the company focuses on developing AI inference chips to improve the speed at which large models respond to user queries.
Founded by Walter Goodwin, an engineer with an Oxford University background, Fractile claims its chip and memory architecture can improve bandwidth efficiency while reducing latency, aiming to achieve "faster and cheaper" computing power in AI inference scenarios.
It is rumored that Anthropic has made initial contact with Fractile regarding the purchase of its AI inference chips.
